As the Iran war drags on, Oman — a U.S. ally and mediator with Iran — has found itself at odds with the Trump administration and some of its own neighbors.
As the Iran war drags on, Oman — a U.S. ally and mediator with Iran — has found itself at odds with the Trump administration and some of its own neighbors.
The Iran war is pushing countries to prioritize domestic energy in order to protect themselves from volatile oil and natural gas markets.
As the war in Iran persists, signs point to a prolonged period of higher prices and slower growth rather than a quick shock.
Oil prices jumped and stocks plunged after Iran fired missiles at Israel, raising doubts about the future of fragile cease-fire in the Middle East.
In a lengthy interview with NBC’s “Meet the Press,” the president again vowed that gas prices would go down when the war in Iran ends.
The decades-old term refers to the sustained loss of demand for a commodity, caused by high prices.
An auction to drill in the Arctic National Wildlife Refuge ended with just 10 percent of the available land claimed for oil development.
Some analysts said the main international oil price, which was up 6 percent on Monday, could climb much higher in the coming weeks if the Strait of Hormuz doesn’t reopen.
Oil prices climbed as investors weighed a renewed exchange of military strikes between the United States and Iran against signs that both sides remain engaged in negotiations.
With the midterm elections five months away, many Americans who backed President Trump are wrestling with pain at the pump and the war in Iran.
President Trump’s pendulum swings on Iran have often seemed driven by mood and moment rather than any discernible strategy.
Oil prices jumped after the U.S. said it shot down four Iranian attack drones, casting doubt once again on the prospects for a peace deal.
President Trump held out hope for a peace agreement, but said high oil prices would not force his hand.
After three months, the fallout of the closure of the Strait of Hormuz is spreading, with developing countries bearing the brunt of the shortfall.
Traders are weighing signals that a more lasting agreement may be within reach against recent flare-ups in hostilities.
Optimism for a resolution to the conflict and the reopening of the Strait of Hormuz was checked after the United States said it had carried out strikes on missile launch sites in Iran.
An agreement to reopen the waterway would be followed by a complicated process of navigating a backlog of vessels stranded for nearly three months.
Without the details of a formal agreement, it is unclear how soon normal shipping will resume and when oil prices will start to come down.
California is the nation’s most expensive state for gasoline. The latest spike has forced more residents to change their habits.
Nearly three months since the fighting began, disagreements remain over the fate of Iran’s uranium stockpile and transit fees for the Strait of Hormuz.
Most U.S. travelers will be driving to their destinations for the long weekend, kicking off what is expected to be a busy summer travel season.
Soaring oil prices and a surging dollar are testing Asia’s foreign-exchange reserves, which were built up after the 1997 crisis.
The Trump administration backed lawsuits brought by the Havana Docks Corporation that would allow the U.S.-owned entity to get compensation for property confiscated by Fidel Castro’s regime.
In a rare direct address, Secretary of State Marco Rubio blamed the former leader Raúl Castro for the country’s longstanding electricity and resource shortages.
Outmatched militarily, Iran used “triangular coercion” by attacking Gulf states and closing the Strait of Hormuz. It points to a long-term U.S. vulnerability.
Outmatched militarily, Iran used “triangular coercion” by attacking Gulf states and closing the Strait of Hormuz. It points to a long-term U.S. vulnerability.
Oil prices rose after President Trump issued a new warning to Iran, calling into question the tenuous cease-fire in the war.
An analysis of oil export data offers clues about which nations have benefited from higher prices, and which have lost a lot of revenue.
The United States has choked off Cuba’s fuel supply, plunging the already impoverished island into an acute energy crisis.
Hopes for an end to the war in Iran faded after President Trump failed to secure a commitment from China to help persuade Iran to reopen the Strait of Hormuz.